Material Information

2020-07-10

YFY announced on behalf of YFY Consumer Products Co., Ltd., the resolution of shareholders' meeting of releasing directors from non-competition restrictions

1.Date of the shareholders meeting resolution:2020/07/10
2.Name and title of the director with permission to engage in competitive
conduct:
Felix Ho /Director
Willie Tsai/Director
Thomas Hsu /Director
Ronald Lee /Director
Daphne Chen /Director
3.Items of competitive conduct in which the director is permitted to engage:
Positions of directors in companies with the same or similar scope of
business to YFY Consumer Products Co., Ltd.
4.Period of permission to engage in the competitive conduct:
Permission valid until re-election
5.Circumstances of the resolution (please describe the results of voting in
accordance with Article 209 of the Company Act):Proposal approved upon voting
6.If the permitted competitive conduct belongs to the operator of a mainland
China area enterprise, the name and title of the directors
(if it is not the operator of a Mainland-area enterprise, please enter
“N/A” below):
Felix Ho /Director
Ronald Lee /Director
7.Company name of the mainland China area enterprise and the director's
position in the enterprise:
Felix Ho /
Director, Yuen Foong Yu Paper MFG (Yangzhou) Co., Ltd.
Chairman, YFY Packaging (Yangzhou) Investment Co., Ltd.
Chairman, YFY Investment Co., Ltd.
Chairman, Arizon RFID Technology Co., Ltd.
Ronald Lee /
Director, YFY Investment Co., Ltd.
8.Address of the mainland China area enterprise:
Yuen Foong Yu Paper MFG (Yangzhou) Co., Ltd./No.168, Chunjiang Road,
Yangzhou Economic Development Area, Jiangsu Province
YFY Packaging (Yangzhou) Investment Co., Ltd./No.168, Chunjiang Road,
Yangzhou Economic Development Area, Jiangsu Province
Yuen Foong Yu Investment Co., Ltd./Room 301, 3F, Honghui.Xinhuiyuan,
no. 6, lane 4718, Gonghexin Road, Jing 'an district, Shanghai
Arizon RFID Technology Co., Ltd. /No. 88 Wuzhou E. Rd., Economic
Development Park, Yangzhou, Jiangsu Province
9.Operations of the mainland China area enterprise:
Yuen Foong Yu Paper MFG (Yangzhou) Co., Ltd./Production and sale of
paper and cardboard
YFY Packaging (Yangzhou) Investment Co., Ltd./ Investment and holding
and paper trading
Yuen Foong Yu Investment Co., Ltd./ Investment and holding and sale of
paper
Arizon RFID Technology Co., Ltd./ Sale and design RFID products
10.Impact on the company's finance and business:None
11.If the directors have invested in the mainland China area enterprise,
the monetary amount of the investment and their shareholding ratio:None
12.Any other matters that need to be specified:None